Semiconductors
Intel said the increase in capex will be more than offset by savings in a variety of areas. The company said it is on track to generate $2 billion in spending and manufacturing cost savings in 2007, in addition to the savings it will generate from a previously announced restructuring effort.
As a result of the restructuring, Intel said its headcount at the end of 2006 totaled 94,100 people, vs. 102,500 at the end of the second quarter. Intel said chipset unit sales in the fourth quarter were flat compared with the third quarter, while motherboard units were lower sequentially. The company's fourth-quarter EPS was helped by the sale of its communications-chip business to Marvell Technology (MRVL), but included an impairment stemming from the decision to sell a chip-fabrication facility in Colorado. The net impact was roughly a 2.5 cents-a-share contribution to EPS.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-6.12%
|
Data delayed 20 minutes |
Connect with TheStreet